During the last session, Synaptics Incorporated (NASDAQ:SYNA)’s traded shares were 0.65 million, with the beta value of the company hitting 1.34. At the end of the trading day, the stock’s price was $145.21, reflecting an intraday gain of 5.28% or $7.28. The 52-week high for the SYNA share is $299.39, that puts it down -106.18 from that peak though still a striking 21.46% gain since the share price plummeted to a 52-week low of $114.05. The company’s market capitalization is $5.78B, and the average intraday trading volume over the past 10 days was 0.81 million shares, and the average trade volume was 589.10K shares over the past three months.
Synaptics Incorporated (SYNA) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. SYNA has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $3.09.
Synaptics Incorporated (NASDAQ:SYNA) trade information
Synaptics Incorporated (SYNA) registered a 5.28% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.28% in intraday trading to $145.21 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -9.23%, and it has moved by -9.09% in 30 days. Based on these gigs, the overall price performance for the year is 17.37%. The short interest in Synaptics Incorporated (NASDAQ:SYNA) is 2.18 million shares and it means that shorts have 3.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $230.50, which implies an increase of 37.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $170.00 and $320.00 respectively. As a result, SYNA is trading at a discount of -120.37% off the target high and -17.07% off the low.
Synaptics Incorporated (SYNA) estimates and forecasts
Statistics show that Synaptics Incorporated has outperformed its competitors in share price, compared to the industry in which it operates. Synaptics Incorporated (SYNA) shares have gone down -41.77% during the last six months, with a year-to-date growth rate more than the industry average at 58.72% against 22.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 34.30% this quarter and then jump 30.00% in the quarter after that. In the rating firms’ projections, revenue will increase 18.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $410.89 million as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to $394.79 million by the end of Mar 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 1.80%. While earnings are projected to return -39.10% in 2022, the next five years will return 15.00% per annum.
Synaptics Incorporated is due to release its next quarterly earnings between February 02 and February 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Synaptics Incorporated (NASDAQ:SYNA)’s Major holders
Synaptics Incorporated insiders own 0.74% of total outstanding shares while institutional holders control 93.82%, with the float percentage being 94.52%. FMR, LLC is the largest shareholder of the company, while 470 institutions own stock in it. As of Dec 30, 2021, the company held over 5.81 million shares (or 14.80% of all shares), a total value of $1.68 billion in shares.
The next largest institutional holding, with 4.53 million shares, is of Blackrock Inc.’s that is approximately 11.54% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $1.31 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Synaptics Incorporated (SYNA) shares are Fidelity Contrafund Inc and Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund. Data provided on Nov 29, 2021 indicates that Fidelity Contrafund Inc owns about 2.4 million shares. This amounts to just over 6.12 percent of the company’s overall shares, with a $678.76 million market value. The same data shows that the other fund manager holds slightly less at 2.08 million, or about 5.30% of the stock, which is worth about $587.34 million.